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Updated over 4 years ago on . Most recent reply
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Broken lock - who should pay?
My new tenants moved in 5 days ago. On the first day, they said the AC was not working well enough. On the 3rd day, they said there was an electrical issue (when the light switch in the bedroom is turned off all the electrical outlets turn off in the basement too). Today (on the 5th day) they said the lock on the sliding door leading to the back yard is broken. This seems like a lot of complaints in a short period of time. What do you think? And who should pay?
For the AC, I quickly provided them with 2 portable AC units for the upstairs rooms that they said were "unbearable". Though the previous owners said the AC was fine, and myself and the realtor knew it was fine most of the summer. I agreed to pay their first month's electricity and look into making the AC better once we know the issue. I am getting an electrician out to see what the issue is with the electrical. But the back sliding door. Seriously. This was working fine when they started renting. I'd like to make sure their first week goes well, but OMG, this is eating into any profit I might get and is starting to annoy me. Advice?
Most Popular Reply
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Sometimes it's peaks and valleys in this business. I can literally go months with no issues at any property, and then all of a sudden I can have several rentals seemingly all have issues around the same time.
Anyway, in regards to your question, you mention the complaints are annoying. However, you didn't mention if they're legitimate or not. If the things you mentioned are legitimately all broken, personally I'd consider them the landlord's responsibility to fix (absent some glaring evidence that the tenant intentionally did something to cause some damage).
Repairs, vacancy and tenant turnover are definitely things that eat into profit. That's why longtime landlords know that profits aren't simply a measure of your mortgage - PITI. But let's hope these few issues are just the initial "growing pains" of a new tenant (since you said they just moved in 5 days ago), and that the issues will quickly subside and things will smooth out shortly.
Best of luck!